Probably most CalTrain riders don't know that the service is actually operated by Amtrak. The "Peninsula Corridor Join Powers Board" owns the tracks and equipment, but contracts for the actual operation of CalTrain, with contracts running for five years or so. Thus far, Amtrak has always won the deal, but not without competition.
Overall, I think it's a good way to run a transit system, though I may change my mind if I can't get to work on Feb 1st!
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